2024 Global Tax Changes: What Businesses Need to Know

Tax rules in all three of File Bridge Global's core markets shifted meaningfully in 2024, and businesses operating across borders felt the compounding effect of changes landing in overlapping filing years.

In Pakistan, the FBR tightened enforcement against non-filers and expanded the scope of withholding tax on a wider range of transactions, meaning businesses that previously sat outside the withholding net now need to register and comply.

In the UK, corporation tax remained tiered between 19% and 25% depending on profit levels, but changes to capital allowances and R&D relief calculations mean many businesses need to re-run their planning assumptions rather than reuse last year's numbers.

In the US, state-level sales tax nexus thresholds continued to shift, catching e-commerce sellers who had grown past a threshold without realizing a new state registration obligation had been triggered.

The common thread across all three markets: businesses that treated each country's filings as separate, disconnected obligations were the ones most exposed to missed changes. A coordinated cross-border tax review at the start of each tax year is the most reliable way to catch these shifts before they become compliance issues.